Ross & Kramer Gallery Leases Space At 515 West 27th Street In Chelsea With Reps James Famularo And Jonathan Travis
515 W 27th St, New York, NY 10001, USA
Building Size
2,500 SF
Asset Type
Other
Closing
Jun 29, 2020
About this deal
AI
The Ross + Kramer Gallery has leased a space at 515 West 27th Street in Chelsea. The property, which spans 2,500 square feet, was leased for a term of 10 years. The asking rent for the space was $160 per square foot.
Summary of transaction details
- Property Type: Lease
- Transaction Amount: Not applicable
- Address: 515 West 27th Street
- Market: Chelsea
- Asking Rent: $160 per square foot
- Square Footage: 2,500
- Term: 10 years
James Famularo of Meridian Retail Leasing and Jonathan Travis of Redwood Property Group represented Ross + Kramer Gallery in the lease transaction. The landlord of the property is Lisa Grieco.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93